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Audius: Autopsy of $6m music heist reveals some out of key notes
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ambcrypto.comHacks within the cryptocurrency domain are very frequent. Recently, a decentralized music platform Auduis suffered as it lost 18.5 million AUDIO tokens ($6m) following a malicious attack.
On 24 July, the Audius community treasury lost a significant amount due to an exploit in the contract initialization code that allowed repeated invocations of the “initialize” function. The respective team shared this development on the social media platform.
<p lang=«en» dir=«ltr» xml:lang=«en»>Hello everyone – our team is aware of reports of an unauthorized transfer of AUDIO tokens from the community treasury. We are actively investigating and will report back as soon as we know more.If you'd like to help our response team, please reach out.
— Audius
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